Ethic Inc. Increases Position in Twilio Inc. $TWLO

Key Points

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Ethic Inc. grew its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,116 shares of the technology company's stock after acquiring an additional 8,732 shares during the period. Ethic Inc.'s holdings in Twilio were worth $2,171,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. LRI Investments LLC purchased a new position in shares of Twilio during the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Twilio during the 1st quarter worth approximately $28,000. TCTC Holdings LLC increased its stake in Twilio by 118.1% during the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Twilio in the 1st quarter valued at $34,000. Finally, UMB Bank n.a. purchased a new position in Twilio during the first quarter valued at $37,000. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TWLO. Tigress Financial reiterated a "buy" rating and issued a $170.00 target price on shares of Twilio in a research report on Thursday, May 8th. The Goldman Sachs Group raised their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. UBS Group cut their price objective on shares of Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company cut their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus price target of $126.74.

Twilio Stock Performance

Shares of NYSE TWLO opened at $105.78 on Monday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $119.85 and its two-hundred day moving average is $112.81. The company has a market cap of $16.23 billion, a P/E ratio of 881.57, a P/E/G ratio of 3.37 and a beta of 1.23. Twilio Inc. has a 12 month low of $56.85 and a 12 month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the previous year, the business posted $0.87 earnings per share. Twilio's quarterly revenue was up 13.5% on a year-over-year basis. On average, equities analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insiders Place Their Bets

In other news, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director owned 33,488 shares of the company's stock, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,964 shares of company stock valued at $6,536,478. 4.50% of the stock is currently owned by corporate insiders.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.

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